In 2023, Wilma Collins has employment income before the dedu…
In 2023, Wilma Collins has employment income before the deduction of any RPP contributions of $40,000, a rental loss of $16,000, dividends from taxable Canadian corporations with a total grossed up amount of $6,000, and income from royalties of $7,000. The royalties were on a book written by Ms. Collins in her undergraduate years at university. She has no unused RRSP deduction room from previous years. She is not a member of a RPP or a DPSP in 2023. Her maximum deductible 2024 RRSP contribution is: Enter your answer without dollar signs, commas and round to the nearest whole dollar. For example, enter $30,030.50 as 30031